Forex Trading Library

Gold 2016-12-15

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market managed to fell below 1150 after Fed rate hike yesterday while managed to obtain daily close below 1145

we advised before that any daily close below 1145 may set new downtrend wave toward 1110 zone

market facing resistance at 1145 and 1155 where as long as market holding below more drop will be expected toward 1110

  Support Resistance
Level 1 1125 1135
Level 2 1110 1145
Level 3 1090 1155
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